Kaum eine Entwicklung hat in den letzten Jahrzehnten den Strukturwandel, die Konjunkturverläufe, das wirtschaftliche Wachstum und die weltwirtschaftliche Integration so beeinflußt, wie die massive Expansion der Informations- und Kommunikationstechnologien, d.h. der sogenannten Neuen Ökonomie....

This volume brings together various analytical studies the IMF staff has undertaken on the Japanese economy, focusing on two areas of particular interest for both longer-term economic performance and recent cyclical developments. The first is Japan's saving behavior, the second is the remarkable...

Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts...